-PTI/ NDTV The Wholesale Price Index-based inflation was 15.18 per cent last month and at a record high of 15.88 per cent in May. New Delhi: The wholesale price-based inflation eased to 13.93 per cent in July on easing prices of food articles and manufactured products. The Wholesale Price Index-based inflation was 15.18 per cent last month and at a record high of 15.88 per cent in May. It was 11.57 per cent in...
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Cereal inflation would be hard to tame amidst low rice acreage
Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in food. Similarly, an above normal southwest monsoon does not always bring down the rate of food inflation. However, some agricultural experts (please click here, here and...
More »Price pinch: Editorial on the impact of inflation
-The Telegraph The Reserve Bank of India’s usual strategy of raising interest rates to hold inflation at bay kicked in a bit late and has not been working well so far In India, price inflation has been creeping up in the recent past. The latest data for June 2022 show consumer price index inflation to be 7.01% and wholesale price index inflation to be 15.18%. Food prices, which are an important component...
More »Windfall tax on corporations goes as 5% GST on food items kicks in -Prasanna Mohanty
-Cenfa.org In continuation of its pro-corporate and anti-poor tax policy, the Centre imposes tax on the common man battling hunger and inflation while sparing corporates making windfall gains and record profits In keeping with its anti-people and pro-corporate tax policy, the Central government withdrew the windfall tax on oil exports on July 19th – 19 days after it was imposed – with effect from July 20. This comes a day after a...
More »Wholesale price inflation eases to 15.18% in June but stays in double digits, 15 months on
-Moneycontrol.com Food inflation rose to 12.41 percent in June from 10.89 percent, with the food index rising 1.3 percent month-on-month India's inflation based on the Wholesale Price Index (WPI) declined to 15.18 percent in June, according to data released by the commerce ministry on July 14. The WPI inflation was 15.88 percent in May, the highest in at least three decades. In June 2021, it stood at 12.07 percent. Another month of double-digit wholesale...
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